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| The Tax Publishers2020 TaxPub(DT) 2278 (Bom-HC) INCOME TAX ACT, 1961
Section 37(1) Rule 9A
Where AO disallowed advertisement and publicity expenses incurred after date of certification of film by invoking Rule 9A, it was held that even if amount was not allowable under rule 9A, same was to be allowed under section 37(1).
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Business expenditure - Allowability - Advertisement and publicity expenses incurred after date of certification of film by invoking Rule 9A -
Issue was as regards allowability of expenses incurred for advertisement and publicity expenses in relation to film production business. AO disallowed same on allegation that expenses were incurred after date of certification of film by invoking Rule 9A. Held: Tribunal allowed expenses by holding that amount not allowable under rule 9A, may be allowed under section 37. Thus, no substantial question of law arose from Tribunal's order.
Followed:CIT v. Dharma Productions (P.) Ltd. (2019) 263 Taxman 585 (Bom.) : 2019 TaxPub(DT) 2692 (Bom-HC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. : 2009-10
INCOME TAX ACT, 1961
Section 14A
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